Cigarettes Served as Money in Some POW Camps During World

question 205

Multiple Choice

Cigarettes served as money in some POW camps during World War II. Given this fact, we would expect to observe

• A) no one ever smoking a cigarette.
• B) people usually resorting to barter rather than using cigarettes as money.
• C) prices of other goods expressed in terms of cigarettes.
• D) only government-issued cigarettes being accepted as money.

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Definitions:

Undue Excitement

Excessive enthusiasm or agitation that surpasses usual levels or expectations.

Effective Offer

A proposal made by one party to another intending to create a legal obligation upon acceptance.

Reasonably Definite Terms

A requirement in contract law that the terms of a contract must be clear enough for both parties to be able to understand their obligations and enforce the agreement.

Inferred Term

A concept or term not directly stated but understood from the context.